Signet Jewelers Limited $SIG Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in shares of Signet Jewelers Limited (NYSE:SIG) by 35.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,189 shares of the company’s stock after selling 29,718 shares during the period. Intech Investment Management LLC owned 0.14% of Signet Jewelers worth $4,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in shares of Signet Jewelers during the fourth quarter worth $31,000. Farther Finance Advisors LLC grew its stake in shares of Signet Jewelers by 48.6% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $31,000 after purchasing an additional 124 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Signet Jewelers by 171.2% during the second quarter. EverSource Wealth Advisors LLC now owns 678 shares of the company’s stock worth $54,000 after purchasing an additional 428 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Signet Jewelers during the third quarter worth $64,000. Finally, State of Wyoming acquired a new position in shares of Signet Jewelers during the second quarter worth $69,000.

Signet Jewelers Price Performance

NYSE SIG opened at $87.40 on Monday. Signet Jewelers Limited has a 1 year low of $65.20 and a 1 year high of $110.20. The company has a market capitalization of $3.50 billion, a PE ratio of 12.26, a P/E/G ratio of 1.01 and a beta of 1.18. The company has a fifty day moving average of $86.51 and a two-hundred day moving average of $89.68.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, March 19th. The company reported $6.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.11 by $0.14. Signet Jewelers had a net margin of 4.32% and a return on equity of 22.22%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the firm posted $6.62 earnings per share. Signet Jewelers’s revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts expect that Signet Jewelers Limited will post 10.3 earnings per share for the current year.

Signet Jewelers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, April 24th were paid a $0.35 dividend. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.32. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, April 24th. Signet Jewelers’s payout ratio is currently 17.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on SIG shares. Royal Bank Of Canada upgraded shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Zacks Research downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Telsey Advisory Group reiterated a “market perform” rating and set a $96.00 target price on shares of Signet Jewelers in a research note on Thursday, March 19th. Wells Fargo & Company boosted their target price on shares of Signet Jewelers from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, March 20th. Finally, Wall Street Zen downgraded shares of Signet Jewelers from a “strong-buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.88.

Signet Jewelers Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.